VATEBRA LISTED AS ONE OF THE COMPANIES TO INSPIRE AFRICA IN 2019 BY THE LONDON STOCK EXCHANGE GROUPedit
Leading Pan-African Tech Solutions provider, Vatebra Limited has been listed as one of the Companies to Inspire Africa in 2019; by the London Stock Exchange Group.
According to the CEO of the London Stock Exchange Group, David Schwimmer, the report “identifies Africa’s most inspirational and dynamic private, high-growth companies to a global market.” He added that the companies listed in the report are crucial to the future of the African economy, capable of driving transformative economic growth in their home countries, Africa and beyond.
In his response to this recognition, the Managing Director of Vatebra Limited, Mr. Kunle Akinniran said “we feel very honoured to be recognized by the prestigious London Stock Exchange Group. Vatebra has been at the fore of the technology evolution in Africa. We are behind some of the tech successes in Africa such as the development of customised solutions, mobile applications, identity solutions/biometrics, e-payment solutions, IGR solutions and other world class solutions cutting across the private and public sector”.
This recognition complements other accomplishments of Vatebra Limited. Vatebra won the awards for the Technology Company of the Year in Nigeria in 2016, 2017 and 2018 organized by the Nigerian Technology Awards (NITA). Vatebra has also received other awards and recognitions from different bodies in Africa. “All of these give us the motivation to keep pushing forward, knowing that we are adding value and making an impact to Africa” he added.
In order to be included in the list of Companies to Inspire Africa, Vatebra met the stringent requirements of the London Stock Exchange group which included the strength of the business idea, demonstrating an excellent rate of growth, sustainable business model, strength of Management Team and Scalability of the business. The report showcases outstanding stories of innovation, growth and entrepreneurship in African businesses to a global audience.
The Deputy Managing Director of Vatebra Limited, Mr. Mike Aigbe also shared some of the future plans of the Company. He said, “Vatebra has begun expansion into more African countries like Uganda, Rwanda, Tanzania and Ethiopia. The Company is also setting up a Technology Hub across various locations in Nigeria to further promote Technology advancement in the country; as well as support budding techpreneurs to become global businesses. The Hub will provide trainings, business incubation and mentorship, and financing opportunities to start-ups, small and medium scale technology driven businesses. This will further strengthen our position as the technology powerhouse in Africa”.
Vatebra was established in 2003 as Fleet Technologies and re-branded to Vatebra Limited in 2016, repositioning as the Tech backbone of Africa. Vatebra has businesses across Africa with offices in Lagos, Abuja, Accra, Freetown and Nairobi.